Hyperliquid’s NVDA perpetual futures generated nearly $2 billion in 24-hour trading volume, ranking second behind Bitcoin perpetual futures, which recorded around $3 billion in daily volume. These cash-settled contracts are margined in USDC, offer leverage of up to 20x, and operate continuously, including on weekends. The main NVDA market carried more than $500 million in open interest, while price moves ranging from 3% to 10% were recorded in connection with developments concerning Nvidia CEO Jensen Huang. The HIP-3 framework, launched around October 2025, enables third-party developers to create markets across asset classes beyond crypto, with on-chain settlement and transparent order books.
Source: Read the original article
Disclaimer: this content is for information purposes only and is not financial advice. Cryptocurrencies are highly volatile: you may lose all of your capital. Always do your own research. Legal notice
